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Tiffany Elects New Board Member, Ups Dividend

The luxe jeweler added former Gucci chief financial officer Robert Singer to its board.

Tiffany & Co. elected Robert Singer to its board during its annual shareholders meeting held at the W Hotel in Union Square here on Thursday.

A former chief financial officer at Gucci Group NV, Singer, 60, has held a variety of senior level corporate positions including serving as partner at global accounting firm Coopers & Lybrand. Singer replaces Tiffany board member Thomas Presby, who recently retired.

“Bob Singer is a valuable addition to our board, bringing his global perspective about luxury retailing and his expertise in the field of auditing,” said Tiffany chairman and chief executive Michael Kowalski.

The luxe jeweler also approved the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm to audit its consolidated financial statements for the fiscal year ending January 31, 2013, as well as its “Say on Pay” proposal related to compensation paid to its named executive officers.

Additionally, Tiffany increased its quarterly dividend by 10 percent to 32 cents a share, from 29 cents, and said it would provide further analysis of its financials when it reports first-quarter earnings next Thursday.